Thailand’s ‘plastic’ ambition: Industry Ministry seeks foreign investment to mould bioplastics hub status by 2027

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The Industry Ministry of Thailand is being urged to devise innovative strategies in order to attract foreign investment for the nation’s burgeoning bioplastics sector. The ultimate aim is to establish Thailand as a bio hub within the ASEAN region by 2027.

Viboon Pungprasert, president of the Thai Bioplastics Industry Association (TBIA), has called upon the new government to implement measures that will stimulate the demand for bioplastics within the country.

“Currently around 90% of bioplastic products are exported, with only 10% of them sold in the domestic market.”

Viboon further highlighted the potential for increasing production capacity, given the government’s support for more investment. The TBIA is optimistic about attracting companies from the US and Europe, given the increasing interest of manufacturers in…